Stocks fell yesterday, a day after execution of a war criminal Jammat leader, as investors were cautious to notice the impact of the execution.
The market opened positive as usual but started to dip till close of the session, as investors dumped their holdings to save their investments, dealers said.
The benchmark index DSEX lost over 40 points to 4,305 – its lowest since January 6 last year.
The Shariah Index DSES was marginally down nearly 9 points or 0.9% to 1,056. The comprising blue chips DS30 declined 12 points or 0.8% to 1,659.
Chittagong Stock Exchange (CSE) Selective Categories Index, CSCX, settled at 8,018, shedding 72 points.
All the sectors suffered except power which gained by almost 1%. The financial sectors experienced major correction with non-banking financial institutions tumbling 1.9%, followed by banks nearly 1%, pharmaceuticals 1.3% and food & allied 0.9%.
Turnover at the Dhaka Stock Exchange came below Tk300 crore-mark after a week, as most worried investors remained inactive. Turnover stood at Tk290 crore, which is 21.2% lower form the previous session’s value.
United Power Generation and Distribution Company Limited continued to be the most traded share for the fifth consecutive session with a turnover worth Tk37.8 crore.
Lanka Bangla Securities said after execution of a war crime verdict, the investors were a bit cautious to trade.
The Jamaat-e-Islami senior assistant secretary general Mohammad Kamaruzzaman was hanged for his 1971 wartime atrocities at 10:30 pm yesterday.
The benchmark DSEX index fell below the 4,300 level, but got support at that level and closed just above the mark at 4,305, Lanka Bangla said.
IDLC Investments said the World Bank has estimated that a quarter-long political turmoil incurred a loss of 1% of GDP to the economy. In response, capital markets were naturally over adjusted, eroding equity capitalisation of DSE by Tk259 core during the same period.
